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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>SEBI Circular: Stamp Duty Collection on AIF Transactions Effective July 1, 2020; RTAs Appointed as Collecting Agents.</h1> The Securities and Exchange Board of India (SEBI) issued a circular mandating the collection of stamp duty on the issue, transfer, and sale of units of Alternative Investment Funds (AIFs) effective July 1, 2020. Registrars to an Issue and Share Transfer Agents (RTAs) are designated as collecting agents for transactions not conducted through recognized stock exchanges or depositories. AIFs must appoint RTAs by July 15, 2020, to ensure compliance. Until RTAs are appointed, AIFs should hold the applicable stamp duty in a designated account. Transactions through recognized exchanges or depositories will have stamp duty collected by authorized entities.